At least seven major international contractors have expressed firm interest in the project to expand the Sheraton Heliopolis Hotel in Cairo. The local/Kuwaiti Gulf Egypt for Hotels & Tourisminvited prequalification bids by a 14 August deadline, and is planning to send out tender documents to the shortlisted companies in mid October. Project costs are estimated at $50 million (MEED 23:8:02).
Companies actively following the scheme are understood to include Besixof Belgium, John Laing of the UK, Samsung Corporationof South Korea, and Vinci, Bouyguesand SAE, all of France.
The project will entail the construction of a new hotel on the existing site. It will have a built-up area of 51,000 square metres, with 285 rooms, in addition to conference facilities, restaurants and a multi-level underground car park. The main consultant working on the scheme is UK-based Wimberly Allison Tong & Goo.
The project is scheduled for completion in the first half of 2004.
The existing 588-room hotel was refurbished in the mid 1990s by SAE, which is now part of the Lafargegroup.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.